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A project proposal, also known as a business proposal, outlines the approach to fulfill project requirements and constraints. It serves as the initial communication to potential clients, showcasing your team's abilities and suitability for the project. The proposal should effectively highlight your strengths, making you stand out from competitors. Practically, it serves as a written commitment detailing your plans if awarded the contract, balancing self-promotion with clear commitments regarding scope, timeline, and budget. Although each proposal may vary, investing time in a standardized template can facilitate quicker adaptations for future requests.